OVER $1 BILLION IN IMPACT REPORTED BY MANUFACTURERS WORKING WITH THE FLORIDAMAKES NETWORK
The Bay Area Manufacturers Association (BAMA) Improves the Competitiveness and Productivity of Tampa Bay, Florida’s Manufacturers
Tampa, Florida August 13, 2019 – BAMA, a member of the FloridaMakes network, announced today that Florida manufacturers who received services through our state-wide FloridaMakes network have reported a combined total of over one billion dollars in measurable economic impacts and created or retained 6,953 manufacturing jobs since the program started delivering services in 2016.
The FloridaMakes network is a state-wide industry-led initiative operated by Florida’s Regional Manufacturers Associations in partnership with industry, research, educational, and economic development organizations, both public and private, at the state and national levels. The network’s mission is to improve the productivity and technological performance of Florida manufacturers by accelerating technology adoption, talent development, and business growth, and to strengthen the state’s high-wage manufacturing economy. BAMA, through its participating partners, provides services that are customized to meet the needs and opportunities of individual companies.
Impact results represent data from 283 client engagements across the state and were obtained through a survey conducted by the National Institute of Standards and Technology (NIST), an agency of the U.S. Department of Commerce. On average, $3.7 million in total impact, and over 24 jobs were created or retained per firm (total survey data through Q1, 2019). The numbers break down as follows:
• Increased and retained sales: $697 million
• Total cost savings: $97.9 million
• Total investments: $249.5 million
• Jobs created and retained: 6953
“This remarkable impact demonstrates the significant strides manufacturers have taken in improving their businesses, and FloridaMakes’ dedication to helping Florida companies increase their global productivity and technological performance,” stated Maria Alfano, FloridaMakes’ Chief Operating Officer.
BAMA supports manufacturers and promotes economic development in the Tampa Bay Region.
The Bay Area Manufacturers Association is a Tampa Bay resource that helps companies address current challenges, create new opportunities for growth, and achieve measurable results. To learn how we can unlock growth opportunities and cost savings for manufacturers, contact Paula DeLuca at 727-498-0990.
The Bay Area Manufacturers Association (BAMA) supports manufacturers and promotes economic development in the Tampa Bay Region. BAMA provides a forum to exchange ideas and share best practice information, network with colleagues and learn about manufacturing related topics through educational programs and tours. BAMA supports STEM programs and offers scholarships to students pursuing manufacturing and STEM education. Manufacturing provides jobs for approximately 60,000 people in approximately 2,500 facilities throughout Pinellas, Hillsborough and Pasco counties. More information about BAMA is available at www.bama-fl.org.
The FloridaMakes network is a state-wide, industry-led initiative operated by an alliance of Florida's Regional Manufacturers Associations with the sole mission of strengthening and advancing Florida’s economy by improving the competitiveness, productivity and technological performance of its manufacturing sector, with an emphasis on small- and medium-sized firms. It accomplishes this by providing services focused on three principle value streams: technology adoption, talent development, and business growth.
The FloridaMakes network is the official representative of the MEP National Network, which is operated by NIST, for the State of Florida. More information on the FloridaMakes network is available at www.floridamakes.com. More information about the MEP National Network is available at www.nist.gov/mep.